December 30, 2003
Golar LNG buys chunk of Korea Line
Golar LNG Ltd. has acquired 9.9 % of the shares in the Korean shipping company Korea Line through market purchases.
Korea Line is listed on the Seoul Stock Exchange and has a market capitalization of around US $130 million. Korea Line owns directly 100 % of two modern LNG Carriers on long term charter to KOGAS. It also has a smaller ownership interest in four other large LNG carriers also on long term charter to KOGAS.